Steel Prices: AKS.BK, as a steel producer, is heavily influenced by global steel prices. Rising steel prices generally lead to increased profitability and a higher stock price, while falling prices can negatively impact its value. Raw Material Costs: The cost of raw materials like iron ore and coal is crucial. Higher input costs reduce profit margins, potentially lowering the stock price. Efficient procurement strategies can mitigate this. Demand for Steel: Construction, automotive, and infrastructure projects drive steel demand. Strong economic growth and infrastructure investment in Thailand and globally boost demand, positively affecting AKS.BK’s stock price. Production Capacity & Efficiency: AKS.BK's production capacity, efficiency, and utilization rates are significant. Higher production volume and efficiency enhance profitability and thus its stock value. Government Policies: Government regulations on steel production, environmental standards, and trade policies (import/export tariffs) impact AKS.BK’s operations and profitability, influencing its stock price. Economic Conditions in Thailand: Thailand's overall economic health is a key driver. A strong economy usually translates to increased demand for steel, boosting AKS.BK's performance. Interest Rates: Interest rate fluctuations can affect borrowing costs for AKS.BK and capital investment decisions, influencing the overall performance and investor sentiment. Exchange Rates: Fluctuations in the Thai Baht against other currencies, particularly the US dollar, affect the cost of imported raw materials and the competitiveness of AKS.BK's exports. Company Performance: AKS.BK's financial results, including revenue, profit margins, and earnings per share (EPS), are closely watched by investors. Strong performance typically leads to increased investor confidence and higher stock prices. Investor Sentiment: Market sentiment and investor confidence in AKS.BK and the overall steel industry play a role. Positive news and outlook often lead to increased buying pressure.